About Whiteboard Capital
Whiteboard Capital is a venture capital firm founded in 2016. It is primarily based out of Mumbai, India. As of Jul 2026, Whiteboard Capital is an active investor, having invested in 113 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Seed round of On-Points Overall, Whiteboard Capital portfolio has seen 3 unicorns and 11 acquisitions including key companies like Bigbasket, CRED and Raise. A lot of funds co-invest with Whiteboard Capital, with names like Kunal Naresh Shah sharing a substantial percentage of its portfolio. Whiteboard Capital has team of 7 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Portfolio Soonicorns
Whiteboard Capital's List of Top Investments
Whiteboard Capital has a portfolio of 113 companies, including 3 unicorns. Their most notable investments are in Finnoto and Zeno Health.Their portfolio spans across India, United States, United Kingdom and 2 more locations. They have invested in Enterprise Applications, Consumer, Retail and 25 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Whiteboard Capital:1. Bigbasket
Online retailer of grocery, household, beauty, and personal care products. It provides a selection of food items, cleaning supplies, and personal care products. The business offers delivery options with varied time slots. It also provides an express delivery service for immediate needs in select areas.
Key facts about Bigbasket
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $943M
- Employee Count: 22,095 as on May 31, 2025
- Investors: Helion Venture Partners, LionRock Capital and 64 Others
- Latest Funding Round: Conventional Debt, Nov 20, 2025, $*****
- Highlight: Acquired
2. Jupiter
Online platform offering a suite of financial services. It offers a range of services, including banking, credit cards, lending, and investments. It allows users to manage all aspects of their money in one place.
Key facts about Jupiter
- Founded Year: 2019
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $201M
- Employee Count: 377 as on Aug 31, 2025
- Investors: QED Investors, Trifecta Capital and 80 Others
- Latest Funding Round: Series C, Oct 30, 2025, $*****
- Highlight: Editors' Pick
3. CRED
Provider of financial management tools for credit card bill payments. This platform enables users to track credit card spending, monitor payment due dates, and analyze usage patterns. It facilitates the settlement of credit card bills and provides access to credit score monitoring services. The system integrates with various banking institutions to support transaction processing and financial oversight. Users can utilize these tools to manage multiple credit accounts and review their credit history through integrated reporting features.
Key facts about CRED
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $1.48B
- Employee Count: 1,056 as on Mar 31, 2026
- Investors: GIC, Marshall Wace and 103 Others
- Latest Funding Round: Series H, Jun 22, 2026, $*****
- Highlight: Editors' Pick
4. Supertails
Online pet store specializing in supplies for dogs, cats, and exotic pets. The product catalog includes dog and cat food, treats, grooming tools, toys, accessories, and waste disposal products. The pet pharmacy provides prescription medicines, supplements, dewormers, and flea control.
Key facts about Supertails
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $63.8M
- Employee Count: 307 as on Aug 31, 2025
- Investors: Nippon, Fireside Ventures and 44 Others
- Latest Funding Round: Series C, Feb 10, 2026, $*****
- Highlight: Editors' Pick
5. Dezerv
Wealth management platform offering financial planning and advisory service. It offers analysis and improvement of existing investments. It provides actively managed strategies across multiple asset classes. Dedicated client partners offer tailored solutions and keep clients updated. It offers portfolio management services, utilizing unbiased data to make investment decisions and actively manage portfolios.
Key facts about Dezerv
- Founded Year: 2021
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $100M
- Employee Count: 509 as on Aug 31, 2025
- Investors: Premji Invest, Elevation Capital and 50 Others
- Latest Funding Round: Series C, Oct 07, 2025, $*****
- Highlight: Editors' Pick
Whiteboard Capital's Year-on-Year Investment Trends
Whiteboard Capital has invested in 113 companies over the last 10 years, with an average of 10 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in On-Points and most recent follow-on round was in Basil.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 2 | 6 | 8 |
2024 | 6 | 11 | 17 |
2023 | 11 | 9 | 20 |
2022 | 14 | 13 | 27 |
2021 | 24 | 12 | 36 |
2020 | 20 | 8 | 28 |
2019 | 6 | 8 | 14 |
2018 | 9 | 9 | 18 |
2017 | 1 | 1 | 2 |
Whiteboard Capital's Investments by Stage
Whiteboard Capital has made 85 investments in Seed stage with an average round size of $1.76M, 11 investments in Series A stage with an average round size of $9.62M, 4 investments in Series B stage with an average round size of $13M, 2 investments in Unattributed stage with an average round size of $6.5M and 1 investment in Series F stage with an average round size of $6.77M.Stage of entry | No. of Investments |
|---|---|
Seed | 85 |
Series A | 11 |
Series B | 4 |
Unattributed | 2 |
Series F | 1 |
Note: We have considered here, only first round of investments
Whiteboard Capital's Investments by Sector
Whiteboard Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, FinTech and Food and Agriculture Tech. Notably, it has invested in 102 Tech companies, 70 Consumer (B2C) companies, 54 Enterprise (B2B) companies and at least 45 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 44 |
Enterprise Applications | 28 |
Retail | 26 |
FinTech | 20 |
Food and Agriculture Tech | 12 |
Others | 109 |
Note: We have considered here, only first round of investments
Whiteboard Capital's Investments by Geography
Whiteboard Capital has made most investments in India (91), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
India | 91 |
United States | 9 |
Indonesia | 1 |
United Arab Emirates | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Whiteboard Capital's recent investments
Whiteboard Capital has made 3 investments in 2026 so far. On-Points and BazaarNow are the latest among them.Here are the most recent investments by Whiteboard Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 07, 2026 | India | Seed | 3192 | ||
Jun 09, 2026 | India | Seed | 5478 | [+8] | |
Mar 10, 2026 | India | Seed | 9936 | [+3] | |
Dec 23, 2025 | India | Series A | 6910 | [+12] | |
Oct 31, 2025 | India | Seed | 5285 |
Unicorns in Whiteboard Capital's Portfolio
Whiteboard Capital has 3 unicorns in its portfolio - Raise, DealShare and CRED. The most recent unicorn in their portfolio is Raise. It became a unicorn in 2025, 4 years after Whiteboard Capital first invested in it.Here is a list of unicorns in Whiteboard Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Developer of financial service products and infrastructure for Indian residents | 2021 | Mumbai | Series B | qtasxhg | ||
67 | Retailer of groceries and household essentials | 2018 | Bengaluru | Series E | zodwkfo | ||
78 | Provider of financial management tools for credit card bill payments | 2018 | Bengaluru | Series H | p{qruwe |
Acquired companies in Whiteboard Capital's Portfolio
11 companies from Whiteboard Capital's portfolio have been acquired. The most recent acquisition was Genius Teacher in Jul 2024 by Schoolnet for $*****.Here are Whiteboard Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 09, 2024 | Nov 21, 2016 | Seed | 7370 | |
May 16, 2024 | May 16, 2016 | Series B | 8860 | |
Sep 28, 2023 | Nov 28, 2016 | Series A | 6137 | |
Jun 02, 2022 | - | - | 7961 | |
Apr 27, 2022 | Nov 24, 2021 | Seed | 1403 |
Team profile of Whiteboard Capital
Whiteboard Capital has a team of 7 members including 2 Partners and 1 Venture Partner located in India. Whiteboard Capital's team sits on the board of 4 companies.Here is a list of all team members in Whiteboard Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | |||
Partner | Mumbai | |||
Partner | - | - | ||
Venture Partner | - | - |
Co-investors of Whiteboard Capital
Over the past 10 years, 1870 investors have co-invested in Whiteboard Capital's portfolio companies. This includes funds and angels.
- Invested before Whiteboard Capital: Venture Catalysts, Helion Venture Partners and 383 others have invested in rounds before Whiteboard Capital. There are 3 companies where Venture Catalysts has invested before Whiteboard Capital and 2 companies where Helion Venture Partners has invested before Whiteboard Capital.
- Top Co-investors of Whiteboard Capital: 754 investors entered a company along with Whiteboard Capital. These include investors like Kunal Naresh Shah (16 companies).
- Invested after Whiteboard Capital: A total of 731 investors have invested in Whiteboard Capital's portfolio after their investments. Top Investors include Alteria Capital (12 companies), Stride Ventures (8 companies) and Tiger Global Management (7 companies).
Recent News related to Whiteboard Capital
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Why Sachin Tendulkar is betting on sportswear built for Indian feetYourStory•Jun 26, 2026•Ten x You, Whiteboard Capital
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FirstClub Raises $55 Million to Deepen Quality-First Premium Quick Commerce PlayLivemint•Jun 04, 2026•Peak XV Partners, Sofina, Aditya Birla, Blume Venture and 6 others
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Basil Health secures $1.5 Mn in pre-Series A fundingEntrackr•Mar 10, 2026•Basil, Whiteboard Capital, Brigade REAP
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Material Depot Nets $10 Mn To Scale Omnichannel Home Interiors PlayStartupNews•Feb 05, 2026•Stellaris, Accel, Material Depot, BharatPe and 5 others
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[Funding Alert] MyMuse Bags Rs 9.5 cr in the Latest Seed Funding ...Indian Retailer•Nov 09, 2025•MyMuse, Sauce, Whiteboard Capital, Saama
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Tuco Kids Nets $4 Mn To Invest In Brand Building, DistributionStartupNews•Sep 02, 2025•Tuco Kids, Whiteboard Capital, M&G, Fireside Ventures and 2 others
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Indian semiconductor firm Mindgrove secures $8m series ATech in Asia•Dec 23, 2024•Mindgrove, Rocketship, Speciale Invest, Mela Ventures and 4 others
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Elchemy Bags $5.6 Mn In Series A Led By Prime Venture PartnersBW Disrupt•Nov 25, 2024•Elchemy, Prime Venture Partners, Info Edge Ventures, Fireside Ventures and 2 others
